Huber Capital Management LLC Sells 6,600 Shares of Anheuser-Busch InBev SA/NV (NYSE:BUD)

Huber Capital Management LLC lowered its stake in shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) by 19.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,900 shares of the consumer goods maker’s stock after selling 6,600 shares during the period. Huber Capital Management LLC’s holdings in Anheuser-Busch InBev SA/NV were worth $1,622,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. GPS Wealth Strategies Group LLC increased its stake in Anheuser-Busch InBev SA/NV by 50.7% in the second quarter. GPS Wealth Strategies Group LLC now owns 550 shares of the consumer goods maker’s stock valued at $32,000 after purchasing an additional 185 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Anheuser-Busch InBev SA/NV by 225.0% in the 2nd quarter. Blue Trust Inc. now owns 546 shares of the consumer goods maker’s stock valued at $33,000 after buying an additional 378 shares during the period. Addison Advisors LLC increased its position in shares of Anheuser-Busch InBev SA/NV by 39.7% in the 2nd quarter. Addison Advisors LLC now owns 591 shares of the consumer goods maker’s stock valued at $34,000 after buying an additional 168 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in Anheuser-Busch InBev SA/NV during the 2nd quarter worth $35,000. Finally, Valley Wealth Managers Inc. bought a new position in Anheuser-Busch InBev SA/NV during the second quarter worth about $38,000. 5.53% of the stock is currently owned by institutional investors and hedge funds.

Anheuser-Busch InBev SA/NV Trading Down 1.0 %

NYSE BUD opened at $63.14 on Friday. The stock has a market capitalization of $113.48 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 1.81 and a beta of 1.09. Anheuser-Busch InBev SA/NV has a 52 week low of $51.66 and a 52 week high of $67.49. The stock’s 50 day moving average price is $61.65 and its two-hundred day moving average price is $61.27. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its earnings results on Thursday, August 1st. The consumer goods maker reported $0.90 EPS for the quarter, topping the consensus estimate of $0.84 by $0.06. Anheuser-Busch InBev SA/NV had a net margin of 9.89% and a return on equity of 14.77%. The business had revenue of $15.33 billion during the quarter, compared to analysts’ expectations of $15.21 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. As a group, analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BUD has been the topic of several recent analyst reports. UBS Group upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Monday, June 24th. Morgan Stanley increased their price objective on shares of Anheuser-Busch InBev SA/NV from $68.50 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $73.25.

Anheuser-Busch InBev SA/NV Profile

Anheuser-Busch InBev SA/NV produces, distributes, exports, markets, and sells beer and beverages. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.